Document background
The Commercial Property Purchase Agreement is a crucial legal document used in Switzerland for transferring ownership of commercial real estate. It must be drafted in compliance with Swiss federal and cantonal laws, particularly the Swiss Civil Code (ZGB) and Code of Obligations (OR). This document is essential when any business entity or individual wishes to purchase commercial property in Switzerland, whether for office space, retail locations, industrial facilities, or other commercial purposes. The agreement requires mandatory notarization and must be registered with the land registry office (Grundbuchamt). It includes comprehensive details about the property, purchase terms, warranties, and specific provisions required under Swiss law, such as environmental compliance and planning regulations. Special considerations apply when the purchaser is a foreign entity, triggering Lex Koller requirements. The document serves as the foundational agreement protecting both parties' interests while ensuring full compliance with Swiss property transfer regulations.
